On March 27, 2023,
Argus Research
upgraded
their outlook for Smucker (NYSE:SJM) from Hold to Buy.
Analyst Price Forecast Suggests 0.01% Upside
As of March 26, 2023,
the average one-year price target for Smucker is $154.70.
The forecasts range from a low of $129.28 to a high of $178.50.
The average price target represents an increase of 0.01% from its latest reported closing price of $154.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Smucker
is $8,537MM, an increase of 2.51%.
The projected annual non-GAAP EPS
is $8.68.
Smucker Declares $1.02 Dividend
On January 20, 2023 the company declared a regular
quarterly dividend of $1.02 per share ($4.08 annualized).
Shareholders of record as of February 10, 2023
received the payment on March 1, 2023.
Previously, the company paid $1.02 per share.
At the current share price of $154.69 / share,
the stock’s dividend yield is 2.64%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.03%,
the lowest has been 2.49%,
and the highest has been 3.67%.
The standard deviation of yields is 0.23 (n=236).
The current dividend yield is
1.69 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.61.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.16%,
demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 3,077K shares
representing 2.89% ownership of the company.
In it’s prior filing, the firm reported owning 3,015K shares, representing
an increase
of 2.03%.
The firm
increased
its portfolio allocation in SJM by 8.70% over the last quarter.
Stifel Financial
holds 2,808K shares
representing 2.63% ownership of the company.
In it’s prior filing, the firm reported owning 2,754K shares, representing
an increase
of 1.91%.
The firm
increased
its portfolio allocation in SJM by 7.77% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 2,463K shares
representing 2.31% ownership of the company.
In it’s prior filing, the firm reported owning 2,416K shares, representing
an increase
of 1.94%.
The firm
increased
its portfolio allocation in SJM by 8.34% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares
holds 2,361K shares
representing 2.21% ownership of the company.
In it’s prior filing, the firm reported owning 2,331K shares, representing
an increase
of 1.24%.
The firm
increased
its portfolio allocation in SJM by 7.26% over the last quarter.
Geode Capital Management
holds 2,253K shares
representing 2.11% ownership of the company.
In it’s prior filing, the firm reported owning 2,207K shares, representing
an increase
of 2.03%.
The firm
increased
its portfolio allocation in SJM by 8.84% over the last quarter.
What is the Fund Sentiment?
There are 1631 funds or institutions reporting positions in Smucker.
This is an increase
of
27
owner(s) or 1.68% in the last quarter.
Average portfolio weight of all funds dedicated to SJM is 0.21%,
a decrease
of 7.81%.
Total shares owned by institutions decreased
in the last three months by 0.21% to 93,106K shares.
The put/call ratio of SJM is 1.03, indicating a
bearish
outlook.
J.M. Smucker Background Information
(This description is provided by the company.)
Each generation of consumers leaves their mark on culture by establishing new expectations for food and the companies that make it. At The J.M. Smucker Co., it is our privilege to be at the heart of this dynamic with a diverse portfolio that appeals to each generation of people and pets and is found in nearly 90 percent of U.S. homes and countless restaurants. This includes a mix of iconic brands consumers have always loved such as Folgers®, Jif® and Milk-Bone® and new favorites like Café Bustelo®,Smucker’s® Uncrustables® and Rachael Ray® Nutrish®. By continuing to immerse the company in consumer preferences and acting responsibly, it will continue growing our business and the positive impact the company has on society.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
